MMA Capital Management, LLC (NASDAQ:MMAC) CEO Michael L. Falcone Acquires 500 Shares
MMA Capital Management, LLC (NASDAQ:MMAC) CEO Michael L. Falcone bought 500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $24.00 per share, for a total transaction of $12,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 180,474 shares in the company, valued at $4,331,376. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
MMA Capital Management, LLC (MMAC) traded up 1.55% during mid-day trading on Monday, hitting $23.90. 1,139 shares of the company were exchanged. MMA Capital Management, LLC has a 12-month low of $17.10 and a 12-month high of $24.09. The company has a 50 day moving average of $22.80 and a 200 day moving average of $22.70. The stock has a market cap of $140.96 million, a P/E ratio of 6.54 and a beta of 1.31.
MMA Capital Management (NASDAQ:MMAC) last released its earnings results on Wednesday, May 10th. The financial services provider reported ($0.59) earnings per share (EPS) for the quarter. MMA Capital Management had a net margin of 43.37% and a return on equity of 4.53%. The business had revenue of $8.86 million for the quarter.
A hedge fund recently raised its stake in MMA Capital Management stock. Catalyst Capital Advisors LLC raised its position in shares of MMA Capital Management, LLC (NASDAQ:MMAC) by 20.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,780 shares of the financial services provider’s stock after buying an additional 8,093 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.79% of MMA Capital Management worth $1,034,000 as of its most recent filing with the SEC. 14.56% of the stock is owned by institutional investors.
About MMA Capital Management
MMA Capital Management, LLC, formerly Municipal Mortgage & Equity, LLC, partners with institutional capital to create and manage investments in housing and renewable energy. The Company operates through three segments: United States (U.S.) Operations, International Operations and Corporate Operations.
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